On Friday, 89bio Inc (NASDAQ: ETNB) opened lower -5.54% from the last session, before settling in for the closing price of $8.31. Price fluctuations for ETNB have ranged from $5.99 to $13.71 over the past 52 weeks.
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Company’s average yearly earnings per share was noted 38.84% at the time writing. With a float of $138.97 million, this company’s outstanding shares have now reached $145.98 million.
The firm has a total of 93 workers. Let’s measure their productivity. In terms of profitability, gross margin is 0.0%, operating margin of 0.0%, and the pretax margin is 0.0%.
89bio Inc (ETNB) Insider Activity
A key investor’s attitude towards the stock of the Biotechnology industry is another important factor to consider. The insider ownership of 89bio Inc is 4.80%, while institutional ownership is 89.85%. The most recent insider transaction that took place on Jan 30 ’25, was worth 49,999,994. In this transaction Director of this company bought 5,714,285 shares at a rate of $8.75, taking the stock ownership to the 19,554,319 shares. Before that another transaction happened on Jan 22 ’25, when Company’s Director bought 10,000 for $6.71, making the entire transaction worth $67,100. This insider now owns 25,000 shares in total.
89bio Inc (ETNB) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.48 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 38.84% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 18.22% during the next five years compared to 32.21% growth over the previous five years of trading.
89bio Inc (NASDAQ: ETNB) Trading Performance Indicators
Check out the current performance indicators for 89bio Inc (ETNB). In the past quarter, the stock posted a quick ratio of 13.19.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.43, a number that is poised to hit -0.52 in the next quarter and is forecasted to reach -2.20 in one year’s time.
Technical Analysis of 89bio Inc (ETNB)
Analysing the last 5-days average volume posted by the [89bio Inc, ETNB], we can find that recorded value of 1.64 million was lower than the volume posted last year of 2.52 million. As of the previous 9 days, the stock’s Stochastic %D was 3.40%. Additionally, its Average True Range was 0.63.
During the past 100 days, 89bio Inc’s (ETNB) raw stochastic average was set at 31.84%, which indicates a significant increase from 0.29% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 62.14% in the past 14 days, which was lower than the 82.98% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.79, while its 200-day Moving Average is $8.45. Now, the first resistance to watch is $8.17. This is followed by the second major resistance level at $8.48. The third major resistance level sits at $8.65. If the price goes on to break the first support level at $7.69, it is likely to go to the next support level at $7.52. Should the price break the second support level, the third support level stands at $7.21.
89bio Inc (NASDAQ: ETNB) Key Stats
There are currently 145,984K shares outstanding in the company with a market cap of 1.15 billion. Presently, the company’s annual sales total 0 K according to its annual income of -367,080 K. Last quarter, the company’s sales amounted to 0 K and its income totaled -118,350 K.
